The GBP/CHF fell again this week as the long-term downtrend remains firmly intact. It should be noted that this is the third attempt at breaking below the 1.44 level, and support seems to be building. Is it trend –changing support? Unlikely. But it could be a slight bounce waiting to happen. Of course, it will only serve as a selling opportunity for the bears over all. Look to sell a rally, and sell if we break to all-time lows again.
Originally posted here
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